Pêcheries du Sud

Sector of activity: Agro-Industry
Status: Investissement en capital
Associed fund: IPAE 1
Entrepreneur: Olivier Méraud, Benoît Lenoir, Jaco Chan Kit Waye
Employees: 960
Country: Madagascar
A propos:

 

The group Pêcheries du Sud gathers key actors of the seafood sector in Madagascar. Its activities are mainly based in Madagascar, but the Group is also a partner and reference shareholder of Groupe Réunimer, based in La Réunion.

Pêcheries du Sud is present in the main links of the seafood value chain through its various subsidiaries, from production (fishing, aquaculture) to processing and packaging in factories and marketing on local and international markets.

The group notably includes:

Indian Ocean Trepang (IOT), a company specialized in the breeding and export of sea cucumbers that I&P has been supporting since 2012. IOT associates isolated fishing villages with its activity, generating additional income and thus fighting against overfishing and the extinction of marine fauna.

COPEFRITO: Established in Tuléar since 1995, the COmpagnie de PEche FRIgorifique de TUléar, or COPEFRITO, is a Malagasy limited company specialising in the collection and processing of cephalopods (octopus, squid) and other products such as lobster, crabs and certain fish.

SPSM: The Société de Pêche de Sainte-Marie (SPSM) was created in 1999 around a triple activity: fishing, collection and processing

Madagascar Alive Seafood (MAS) was formally created in October 2015 and specializes in mangrove crab aquaculture

 

 

Entrepreneurs

 

Olivier Méraud has worked with Copefrito since 2004, where he has held several operational positions. He is a Merchant Navy Captain by training and has worked in the fishing and seafood trade for 12 years. In parallel to his duties at Copefrito, he co-founded Madagascar Seafood (MSF) in 2005 and is now one of its main shareholders and Chairman.

Jaco Chan Kit Waye is the current Managing Director of IOT, and and experienced entrepreneur. After having created and directed Copefrito, he founded in 2008 the company Madagascar Holothurie, now IOT, in association with a local partner and a team of university researchers. His environmental and social commitment led him to work as early as 2003 for the first natural resource management site with a fishing community and several NGOs to develop a protected marine area while improving the living conditions of fishermen. In 2006, Jaco was named "Malagasy SME Manager of the Year" (prize awarded by the BNI Madagascar of the Crédit Agricole group).

 

 

Partnership with I&P

I&P is committed alongside Pêcheries du Sud to:

• Support the launch of a new seafood processing plant in Diego

• Expand the group's activities in other regions of Madagascar, particularly in the north of the island

• Supporting the group at managerial and financial levels

 

Impacts

• The group strongly contributes to the development of the seafood sector in Madagascar

• Implementation of a rational management of marine resources

• Involvement in several rural development projects in Madagascar, in partnership with NGOs directly linked to the group's aquaculture activities.

• Implementation of a CSR policy at group level

 

 

In portfolio since: 2016
en-savoir-plus

Ultramaillle

Sector of activity: Textile
Status: Investissement en capital
Associed fund: IPAE 1
Entrepreneur: Frederic Wybo
Employees: 900
Country: Madagascar
A propos:

 

Created in 1998, Ultramaille is a textile factory specialized in mid- and high-end fashion knit wear.

The factory produces on average 400 000 sweaters per year. Its customers include brands such as Sandro, Ekyog, Woolworth, Armor Lux…

 

THE ENTREPRENEUR

ULTRAMAILLE was created by Frédéric Wybo, Managing Director of the company. Frederic lives in Madagascar for more than 20 years and benefits from an extensive experience in the textile industry.

Frédéric Wybo is also Chairman of the board of Solidis Garantie, a surety company based in Madagascar, and associate member of Malagasy Association of Private-Equity Investors.

Frederic is deeply involved on environmental and social issues, which is reflected in the management of the company.

.

PARTNERSHIP WITH I&P 

I&P committed alongside with Ultramaille to:  

• Reinforce the working capital of the company to finance the purchase of raw materials

• Support the company to expand its range of products

• Work on the launch of a new brand of tailor-made cashmere sweaters sold online

 

IMPACTS 

• Creation of many qualified jobs, mostly for women

• Develop the work with local producers

 

 

In portfolio since: 2016
en-savoir-plus

SCRIMAD

Sector of activity: Agro-Industry
Status: Investissement en capital
Associed fund: IPAE 1
Entrepreneur: Simon Rakotondrahova
Employees: 74
Country: Madagascar
A propos:

Founded in 1993 and managed by Simon Rakotondrahova, SCRIMAD specializes in the collect and export of litchi production, among other fruits and spices (vanilla, black pepper, cinnamon, etc.).

SCRIMAD is certified "Fair Trade" and notably works with ETHIQUABLE, a french co-op specialized in organic agriculture and fair trade. The partnership with I&P aims to help the company diversify its activities and ensure stable income to the partner farmer organisations.

 

The entrepreneur

Founder and manager of SCRIMAD, Simon Rakotondrahova has notably chaired the Madagascar Chamber of Commerce and Industry and “Gelmada”, a gathering of Litichi exporters in Madagascar.

 

Partnership with I&P

I&P committed alongside Scrimad to:

• Settle a production unit specialized in the production of fruit puree and frozen fruits

• Take energy efficiency measures in this new production unit

• Train the producers so that they meet the requirements established by BIO-GLOBALCAP and ETHIQUABLE

• Strengthen the capacities of the operational management team

 

In portfolio since: 2015
en-savoir-plus

Indian Ocean Trepang (IOT)

Sector of activity: Agriculture
Status: Investissement en capital
Associed fund: IPAE 1
Entrepreneur: Jaco Chan Kit Waye and Olivier Méraud
Employees: 152
Country: Madagascar
A propos:

Indian Ocean Trepang (IOT) is a Malagasy company specialized in the breeding and export of sea cucumbers. Local fishermen are associated with its activities, allowing them to generate additional income. The company actively contributes to preserving marine wildlife & fighting against overfishing.

 

IOT breeds sea cucumbers in the South of Madagascar. This specie’s reproduction remains scarcely human-engineered because of a high mortality rate during the early life stages. IOT’s growing technique was developed by a team of Malagasy scientists, being the only company in Madagascar to control the process. Sufficiently mature, larvae are ceased to neighboring fishermen who raise them to maturity before re-selling them to IOT to be dried, packed and exported.

This specie does not require any additional food but the natural waste found in the sand. Thus, their breeding does not have any other incident on their natural environment apart from clearing the water.

 

Indian Ocean Trepang is one of the company featured by the project Small is Powerful

 

The Team

Jaco Chan Kit Waye is Manager of Copefrito SA and Chairman of the Seafood Export Companies Association. In 1995 he founded Copefrito which exports squids and calamari to Europe.

Olivier Méraud works since 2004 with Copefrito as an operational officer. He has been a Merchant Navy captain and worked in fishing and seafood business for 12 years. He created Madagascar Seafood in 2005, a crab, squid and lobster export company.

 

Partnership with I&P

I&P committed alongside with IOT

• To help the company improve its GIS

• To finance the farm site construction

 

Impacts

• 152 jobs created or maintained over 6 years, including 77 permanent positions and 11 as technicians or managers

• Pilot project in the sea cucumbers breeding with good prospects to be reproduced

• Steady revenue-generating activity for the local fishermen and neighboring villages

• Awareness raised on the wild specie over-exploitation and repopulation of the natural stocks

 

In portfolio since: 2012
en-savoir-plus
En portefeuille depuis
2012

Nutrizaza

Sector of activity: Agro-Industry
Status: Sortie
Associed fund: IPDEV1
Entrepreneur: Mieja Vola Rakotonarivo
Employees: 98
Country: Madagascar
A propos:

Nutrizaza is a social business fighting against children malnutrition. The company has developed a network of baby restaurants (hotelin’jazakely) alongside with the commercial selling of “Koba Aina”, a range of enhanced baby food. The company seeks for the largest distribution of a good quality aliment for infants, and especially among the poorest while sticking to an enterprise-based approach as a financially sustainable business. Nutrizaza has also undertaken a campaign against malnutrition through information campaigns and a watch over the babies’ weight.

 

"Koba Aina" is a baby flour complementary with breast-feeding. It is produced and packed with local raw material based on a nutritional formula elaborated by Taf, a Malagasy agribusiness partner. The production is controlled and in compliance with international standards. It is distributed in individual packs or ready-made by Nutrizaza field animators during neighborhood tours. As to now, it gives the best quality/price ratio on the market.

 

Presentation of Nutri'Zaza - 2015

 

THE ENTREPRENEUR

Mieja Vola RAKOTONARIVO est responsable du projet Nutri’zaza depuis Octobre 2004. Ingénieur en industries agroalimentaires et diplômée d’un Master en technologies agroalimentaires elle  est responsable du projet de création de  Nutri’zaza pour le compte du GRET. Elle gère l’équipe de Nutri’zaza et met en œuvre avec l’équipe les activités prévues pour atteindre les objectifs définis. Elle s’occupe plus particulièrement des relations entre Nutri’zaza et les institutions extérieures.

 

PARTNERSHIP WITH I&P

I&P committed alongside with Nutrizaza

• As a strategic and financial partner, chairing at the board

• Undertaking technical assistance missions, with a view to empower the leading team

 

KEY IMPACTS

• About 100 jobs created, including 70% women 

• 34 Hotelin-Jazakely ("restaurants for babies") and more than 9 million units of KobaAina distributed in 2015 

• Intervention area : 33 municipalities and 112 fokontany (villages, neighbourhoods, etc) 

• 116 local suppliers

• Information campaigns towards young mothers

• Sanitary issues : Decrease of child mortality and improvement in the anthropometric criteria of young Malagasy children (weight and size)

• In the medium-run, increase of education enrolment rate due tie the decrease of illness risks

 

 

In portfolio since: 2012

Acep Madagascar

Sector of activity: Micro-finance
Status: Investissement en capital
Associed fund: IPAE 1
Entrepreneur: Mboahangy Mahefa Edouard RANDRIAMIARISOA
Employees: 370
Country: Madagascar
A propos:

ACEP Madagascar is a financial institution for micro companies financing and SMEs. ACEP Madagascar was created in 2009 and positions as a major actor in microfinance industry in Madagascar. Its aim is to bring financial services (credit, saving, insurance) to populations traditionally excluded from the financial circuit because of their non-solvability.

ACEP Madagascar is one of Madagascar’s oldest MFIs. Thanks to its network of 6 regional branches and 42 agencies, it makes its financial products available to a wide range of customers.

 

PARTNERSHIP WITH I&P

I&P is committed alongside ACEP Madagascar to:

• The standardization of management tools in the domain of computing, new technologies, and use of plastic money. 

• To think about environmental responsibility and social performance.

 

IMPACTS

• More than 350 jobs created

• Incomes have known a growth of +24% from 2010 to 2011

• Since its creation in 2009, ACEP has allowed credits to more than 19500 urban and suburb entrepreneurs 

 

In portfolio since: 2012
en-savoir-plus
En portefeuille depuis
2012

PhileoL

Sector of activity: Agriculture
Status: Sortie
Associed fund: IPDEV1
Entrepreneur: Stéphane Philizot, Njaka Ravelomanantsoa and Narisoa Razakasolo
Employees: 18
Country: Madagascar
A propos:

PhileoL is a Malagasy company established in the south of the island where it breeds and transforms ricin seeds into oil. After transformation the oil is exported abroad to be used in cosmetic and industry. Phileol brings at stake a strong social and environmental impact while collaborating with more than 700 families to collect and grow the seeds, ensuring them strong revenue and steady employment while the region remains one of the poorest of the island.

With regards to this social project, Phileol has elaborated and signed a Social Code while collaborating with many institutional actors and NGOs like the WWF, the UNPD or else EFA, a local initiative to enhance social improvement in rural areas. Besides, Phileol is also committed in valuating southern rural lands with various projects consisting in clearing and cultivating them.

 

THE ENTREPRENEURS

Stéphane Philizot is a chemical engineer; he left the international firm in which he was in charge for 15 years of innovation and raw material treatment, persuaded that the enterprise model would work as a development tool, to settle in Madagascar.

Nary Razakasolo combines experience in both oil-making agriculture and audit. He created MAD’OIL, a company that produced and sell essential oils before he co-founded PhileoL where he manages logistics, financial and commercial tasks.

Njaka Ravelomanantsoa is an agronomist who worked for 17 years for private companies, NGO’s and research offices within the rural world. He is now Technical Manager at PhileoL where he supervises the collect and the transformation.

 

PARTNERSHIP WITH I&P

 

I&P committed alongside PhileoL

• To finance the purchase of a press

• To undertake missions of technical assistance

• To help building the financial, administrative and accountant structure

 

KEY IMPACTS

• More than 700 families earn their living on PhileoL seed collect

• 225 000 000 Ariary (65 950 euros) paid to the smallholders to buy the seeds (without any intermediary)

• 26 supervisors trained and operational while 20 farmers have been trained and equipped for seed production

• 272 farmers accompanied to gather and structure their activity

• 38,2 Ha of land cleared including 13,9 ha seeded

• 3500Ha of non-arable lands valued thanks to the seed collecting activity

 

 

 

In portfolio since: 2008

Pages

  • 1
  • 2